---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-018759"
form_type: "8-K"
ticker: "TDW"
cik: "0000098222"
company_name: "TIDEWATER INC"
filed_at: "2026-02-24T23:59:59+00:00"
generated_at: "2026-05-16T01:01:28.985928+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Tidewater acquires WSUT for $500M; adds 22 PSVs, expands Brazil fleet

## Summary
- Enterprise value $500M includes assumption of ~$261M debt; all-cash from cash on hand.
- Acquires 22 PSVs (19 Brazilian-built); Brazil fleet grows from 6 to 28 vessels.
- WSUT backlog ~$441M; below-market day rates expected to drive earnings uplift on rollover.
- Pro forma net leverage below 1.0x; accretive to 2026E and 2027E EPS and FCF per share.
- Closing expected late Q2 2026; subject to CADE antitrust approval and customary conditions.

## SEC filing metadata
- accession: 0001104659-26-018759
- form_type: 8-K
- ticker: TDW
- cik: 0000098222
- company_name: TIDEWATER INC
- filed_at: 2026-02-24T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/98222/000110465926018759/0001104659-26-018759-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/98222/000110465926018759/tm266868d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-018759
- JSON: https://secwatch.observer/filing/0001104659-26-018759.json
- Plain text: https://secwatch.observer/filing/0001104659-26-018759.txt

## Key facts
- Material Agreements
  TIDEWATER INC entered into Sale and Purchase Agreement with Wilson Sons S.A., Ultranav International II, S.A. and Remolcadores Ultratug Limitada (collectively, the "Sellers") valued at $500,000,000 (effective 2026-02-22).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: Wilson Sons S.A., Ultranav International II, S.A. and Remolcadores Ultratug Limitada (collectively, the "Sellers")
  - Value: $500,000,000
  - Effective: 2026-02-22
  source text: On February 22, 2026, Tidewater Inc., a Delaware corporation (the “ Company ”), entered into a Sale and Purchase Agreement (the “ Sale and Purchase Agreement ” and, together with the other related documents, the “ Transaction Documents ”) between Wilson Sons S.A., Ultranav International II, S.A. and Remolcadores Ultratug Limitada (collectively, the “ Sellers ”),
  evidence_url: https://www.sec.gov/Archives/edgar/data/98222/000110465926018759/0001104659-26-018759-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.